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SCTAX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.0462$
  • Previous Close
    10.0462$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

SCTAX.US refers to the Schwab Tax-Free High-Yield Bond Fund. It is a mutual fund offered by Charles Schwab Investment Management that seeks to provide a high level of current income exempt from federal income taxes, consistent with preservation of capital. The fund invests primarily in a diversified portfolio of high-yield municipal securities.
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Factors

Index Performance: SCTAX.US's price closely mirrors the performance of its tracked tax-advantaged bond index. Strong index gains lead to higher share prices.

Interest Rate Changes: Rising interest rates typically decrease the value of existing bonds, potentially lowering SCTAX.US's price. Conversely, falling rates can boost its value.

Supply and Demand: Increased demand for SCTAX.US shares can drive up the price, while increased selling pressure can lower it. Market sentiment plays a role here.

Credit Risk: Downgrades in the credit ratings of bonds held by SCTAX.US can negatively affect the fund's value. Perceived issuer risk is a factor.

Tax Law Changes: Alterations to tax laws related to municipal bonds, which are the fund's focus, could impact investor demand and consequently its price.

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